Paul Bearer has, straight from the horse's mouth so to speak, re-signed with WWE. This new agreement will most likely mean that Bearer will be used to some degree within storylines, but moreso it will mean that WWE are allowed to use Bearer's likeness in merchandizing deals, something that will no doubt be mutually beneficial.

News courtesy of PWInsider.Com:

"Many of you are already aware that my talent contract with World Wrestling Entertainment will end one month from today, on July 10th. I have been contracted with WWE for 13-years, which has truly been a blessing both professionally and personally. Without a doubt, I have been allowed to stand in the shadows of the giants of our industry.

I am pleased to announce that my ties with WWE are far from being over, as I signed a multi-year deal with the company this week. This unique agreement is part of WWE's new "Legends Program." The company will continue to market the Paul Bearer character including but not limited to classic action figures, DVDs, WWE 24/7 Video On Demand, as well as the publishing of my autobiography. It is very possible that a wrestling legend Percy Pringle action figure will also be available. I will be making personal appearances, autograph sessions etc., for the company. The possibilities are endless.

Another exciting part of this new agreement is that while continuing to maintain strong bonds with WWE, I will be allowed to work outside the company. For the first time in many years I am now free to accept independent bookings, including wrestling reunions and the like. It is a win-win situation for me, and for my fans and friends as well."